The decision was taken after an inquiry showed that betting firms in the country are taking advantage of credit card payments made through contactless apps such as Apple Pay, Google Pay and Revolut, according to Gambling Insider.
Currently, direct credit card betting is banned under Irish industry rules.
A Revolut Spokesperson commented: “Revolut is planning to block the use of credit card funds on gambling sites in Ireland, in the same way that we do in the UK. This is in addition to the 48-hour gambling block that all users can currently activate themselves.”
The banking app can be funded via a credit card, bank withdrawal or debit card.
The company has developed a technology that identifies payments drawn specifically from credit cards to stop them from being used for gambling sites.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
